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Those Who Forget The Past Are Condemned To Repeat It

".....the nation was overtaken by a major economic crisis.......was compounded by many factors.....over expansion of credit....collapse of the export market....low price of imports....which forced American businesses to close....financial instability resulting from excessive expansion......and unsound policies of the.... Bank of the United States."

Any guess as to what time period this is from? The above quote is describing The Panic of 1819.

Will we ever learn?

Posted by Brien Berard Maryland Real Estate Agents Laurel real estate on 04/06/2009 09:51 AM

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Economic Crisis in the Real Estate Market Channel

economy, the panic of 1819, bailout

Originally posted at: Laurel Real Estate: Those Who Forget The Past Are Condemned To Repeat It

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Brien Berard Maryland Real Estate Agents Laurel real estate

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